This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerging-Market ADRs: Winners and Losers

NEW YORK ( TheStreet) -- Global indices relinquished substantial gains last week on concerns of a slowdown in global economic growth. Brazil's Bovespa was the top decliner, shedding 1.8%. India's Nifty followed, easing 0.7%. Meanwhile, China's Shanghai Composite Index edged 0.6% lower. The S&P 500 and the Dow Jones dipped 0.2% and 0.3% last week, respectively, as consumer sentiment sagged to its lowest since March and retail sales witnessed the slowest pace in nine months.

China: Winners and Losers

Fuwei Films (Holding) (FFHL - Get Report) topped the gainers' list last week, jumping 25.5%. For the first quarter of 2011, the company reported net revenue of $26.8 million as compared to $13.6 million in the same period a year ago. Meanwhile, net income stood at $3.6 million, or 28 cents per share, as against $0.05 million, or $0.003, in first quarter of 2010.

Semiconductor Manufacturing International (SMI - Get Report) advanced 17.5%. Last week, the company entered into a joint venture agreement with Hubei Science & Technology Investment Group to invest and manage Wuhan Xinxin Semiconductor Manufacturing Corporation's 12-inch wafer production line. Another semiconductor stock, Spreadtrum Communications (SPRD) gained 3.7% last week.

Among others, auto parts and equipment maker SORL Auto Parts (SORL - Get Report) and pharmaceutical company China Biotics (CHBT) surged 16.5% and 15.7%, respectively, at close last week.

Orsus Xelent Technologies (ORS) reversed its previous week's gains, shedding 34.4%. Furthermore, China Metro Rural Holdings (CNR) declined 22.8% at close last week.

Sutor Technology Group (SUTR) slipped 17.5% after reporting third quarter 2011 total revenue at $101.4 million last week, down 11.4% from the same quarter of the prior year. In addition, gross profit fell 7.5% to $8.6 million.

Internet stocks Sina (SINA), (SOHU) and Baidu (BIDU - Get Report) slumped 14.6%, 11.3% and 7.1%, respectively. For the first quarter of 2011, Sina recorded net profit of $15 million, or 23 cents per share, from $24.4 million, or 37 cents per share. For the second quarter, the company forecasts revenue between $112 and $115 million, below the earlier guidance of $115 million, according to the consensus estimate of analysts' polled by Reuters.

India: Winners and Losers

Gaining for the second consecutive week, iGATE (IGTE) accumulated 7%. The company announced the completion of the acquisition of Patni Computers last week. Senior Patni executives added that with this deal, the company would emerge as a leader by capability in two verticals and a significant player in at least three to four other verticals over the next three years.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SPRD $0.00 0.00%
BIDU $194.30 0.00%
FFHL $0.69 0.00%
PBR $7.71 0.00%
SMI $4.14 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs